WorksheetsCh 2A Quiz
Total questions: 15
Worksheet time: 11mins
Which 3 characteristics help identify a business opportunity?
Price
Quality
Size
Branding
Selection
A photographer wants to do a SWOT Analysis with the characteristics identified. Which Characteristic would be Strength in the Analysis?
Large gallery of stock photos.
Working alone, no skilled help.
Increase in weddings expected as COVID restrictions ease.
COVID pandemic restritions disallow large family gatherings.
A photographer wants to do a SWOT Analysis with the characteristics identified. Which Characteristic would be Weakness in the Analysis?
Large gallery of stock photos.
Working alone, no skilled help.
Increase in weddings expected as COVID restrictions ease.
COVID pandemic restritions disallow large family gatherings.
A photographer wants to do a SWOT Analysis with the characteristics identified. Which Characteristic would be an Opportunity in the Analysis?
Large gallery of stock photos.
Working alone, no skilled help.
Increase in weddings expected as COVID restrictions ease.
COVID pandemic restritions disallow large family gatherings.
A photographer wants to do a SWOT Analysis with the characteristics identified. Which Characteristic would be Threat in the Analysis?
Large gallery of stock photos.
Working alone, no skilled help.
Increase in weddings expected as COVID restrictions ease.
COVID pandemic restritions disallow large family gatherings.
A rancher is preparing to retire. He is considering selling half of his land and giving the other half to his children. He hears that development for a ski resort was just approved on land adjacent to his property. Which viable business opportunity does the retiring rancher foresee?
An increase in land value.
A decrease in local home sales.
A decrease in land value.
An increase in cattle sales.
Acting on (a) identified in a SWOT Analysis can be challenging but often necessary to grow business.
(a) identified in a SWOT Analysis are new actions a business should implement.
Opportunities identified in a SWOT analysis are not meant to be actionable.
True
False
(a) is using your company's strengths and opportunities to maximum advantage.
(a) is having the effect of making something bad less severe or serious.
(a) describes an industry or business sector (section), where all businesses sell or make similar items.
(a) are statistical data such as age, gender, ethnicity, income etc. relating to a particular group such as a company's customers.
A (a) is founded by one or more entrepreneurs who want to develop a new product, a new service or a new business idea for which they believe there is demand.
A person who could become a buyer or consumer of the products or services offered by a company.
Customer
Buyer
Consumer
Potential Customer
